International Business News http://hk.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://hk.ibtimes.com/ http://hk.ibtimes.com/images/top_logo_ibt2_3.gif Stocks sank in light trading Monday as worries about American International Group Inc. touched off broader concerns that the deterioration of the credit markets will bring more big losses for financial companies. http://hk.ibtimes.com/data/articleimgs/3402-.jpg http://hk.ibtimes.com/articles/20090314/financials-drag.htm http://hk.ibtimes.com/articles/20090314/financials-drag.htm Sat, 14 Mar 2009 09:25:39 EDT The stunning collapse in oil markets accelerated Friday, sending a barrel of crude plunging below $78 as investors grow more pessimistic about resolving a mushrooming global economic crisis. http://hk.ibtimes.com/articles/20081011/oil-crude-plunging.htm Sat, 11 Oct 2008 11:17:39 EDT Wall Street capped one of its worst weeks ever with a wild session Friday that saw the Dow Jones industrials gyrate within a 1,000 point range before closing with a relatively mild loss and the Nasdaq composite index actually ending with a modest advance. Investors were still agonizing over frozen credit markets http://hk.ibtimes.com/articles/20081011/stocks-wild-session.htm Sat, 11 Oct 2008 11:15:55 EDT Did stocks "crash"? Some news organizations and investors are hesitating to use the word to describe Wall Street's terrifying sell-off. http://hk.ibtimes.com/data/articleimgs/4231-.jpg http://hk.ibtimes.com/articles/20081011/stocks-slammed-crash-039.htm http://hk.ibtimes.com/articles/20081011/stocks-slammed-crash-039.htm Sat, 11 Oct 2008 10:58:29 EDT The government will buy an ownership stake in a broad array of American banks for the first time since the Great Depression, Treasury Secretary Henry Paulson said late Friday, announcing the historic step after stock markets jolted still lower around the world despite all efforts to slow the selling stampede. http://hk.ibtimes.com/articles/20081011/banks-depression.htm Sat, 11 Oct 2008 10:55:46 EDT A Silicon Valley gene-testing startup is responding to criticism that the tests could spur bad health-care choices by teaming up for a broad study of how the results affect behavior. http://hk.ibtimes.com/articles/20081010/silicon-valley-gene-testing.htm Fri, 10 Oct 2008 15:54:44 EDT A massive sell-off on Wall Street and escalating fears of a global recession sent Asian stocks plunging Friday, with Japan's key index shedding nearly 10 percent to close out its worst week in history. http://hk.ibtimes.com/data/articleimgs/4228-.jpg http://hk.ibtimes.com/articles/20081010/nikkei-asian-markets.htm http://hk.ibtimes.com/articles/20081010/nikkei-asian-markets.htm Fri, 10 Oct 2008 15:51:43 EDT The Electrical & Mechanical Services Department proposes updating the Electricity Supply Regulations to the latest international standards to ensure safe and reliable power provision. http://hk.ibtimes.com/articles/20081010/power-supply-regulations.htm Fri, 10 Oct 2008 15:48:59 EDT One in four teen girls have rolled up their sleeves for the relatively new vaccine against cervical cancer, federal health officials said Thursday http://hk.ibtimes.com/articles/20081010/teen-girls-cancer.htm Fri, 10 Oct 2008 15:44:36 EDT A stampede of selling that began in the waning minutes of trading on Wall Street spread to Asia on Friday, deepening a financial crisis that has defied all efforts to stop it. http://hk.ibtimes.com/data/articleimgs/4230-.jpg http://hk.ibtimes.com/articles/20081010/snowballing-dow-down.htm http://hk.ibtimes.com/articles/20081010/snowballing-dow-down.htm Fri, 10 Oct 2008 15:43:50 EDT World markets were caught in Wall Street's downdraft as fears over a global financial crisis sent investors fleeing for the exits. http://hk.ibtimes.com/articles/20081010/world-marketswall-street.htm Fri, 10 Oct 2008 15:39:33 EDT Microsoft Corp. will be releasing games developed by top Japanese designers for its Xbox 360 console, a senior executive said Thursday, the latest effort by the U.S. software maker to make inroads in a market where it has long struggled http://hk.ibtimes.com/articles/20081010/microsoft-xbox-360-console.htm Fri, 10 Oct 2008 15:37:45 EDT The credit markets might not be quite as squeezed as they have been recently, thanks to the Federal Reserve's interest rate cut. But they're hardly back to normal. http://hk.ibtimes.com/data/articleimgs/4223-.jpg http://hk.ibtimes.com/articles/20081010/rate-credit.htm http://hk.ibtimes.com/articles/20081010/rate-credit.htm Fri, 10 Oct 2008 15:34:41 EDT Investors were watching to see whether General Motors Corp. shares will fall for a seventh straight session Friday as financial turmoil and a weakening global auto market have heightened worries that the automaker may be unable to pull out of its nosedive before it runs out of cash. http://hk.ibtimes.com/data/articleimgs/4222-.jpg http://hk.ibtimes.com/articles/20081010/shares-financial-turmoil.htm http://hk.ibtimes.com/articles/20081010/shares-financial-turmoil.htm Fri, 10 Oct 2008 15:11:38 EDT Flash memory drives, the size of your thumb, are dirt cheap and offer gigabytes of storage. It's tempting to fill one of them with important computer files, clip it to a key chain and hit the road. But what if you lose it while fumbling for change at Starbucks and the hacker in the corner finds it? This is not a good thing. http://hk.ibtimes.com/data/articleimgs/4221-.jpg http://hk.ibtimes.com/articles/20081010/tiny-flash-drives-security.htm http://hk.ibtimes.com/articles/20081010/tiny-flash-drives-security.htm Fri, 10 Oct 2008 15:08:49 EDT With the economy in a slide and the credit markets seized up, states are slashing budgets, eliminating jobs, putting major construction projects on hold and nervously waiting to see whether their shriveled pension funds recover. http://hk.ibtimes.com/articles/20081010/spending-hold.htm Fri, 10 Oct 2008 15:07:48 EDT A World War II-era air traffic network that often forces planes to take longer, zigzagging routes is costing U.S. airlines billions of dollars in wasted fuel while an upgrade to a satellite-based system has languished in the planning stages for more than a decade. http://hk.ibtimes.com/articles/20081010/gps-airlines.htm Fri, 10 Oct 2008 14:58:09 EDT Oil prices plummeted to a one-year low below $83 a barrel Friday in Asia as investor fears of a severe global economic downturn sparked a panicked sell-off of equities and crude. http://hk.ibtimes.com/articles/20081010/oil.htm Fri, 10 Oct 2008 14:53:35 EDT If you can't stand global warming, get out of the tropics. While the most significant harm from climate change so far has been in the polar regions, tropical plants and animals may face an even greater threat, say scientists who studied conditions in Costa Rica. http://hk.ibtimes.com/articles/20081010/tropical-species-climate-change.htm Fri, 10 Oct 2008 14:46:03 EDT PHILADELPHIA (AP)—Pat Burrell and Chase Utley cleared the wall with room to spare. Manny Ramirez's drive fell just short and stayed in the park. http://hk.ibtimes.com/articles/20081010/dodgers-phillies.htm Fri, 10 Oct 2008 14:44:34 EDT